I want to short the GBPCAD as price has returned to an area of weekly supply, which makes me think there is a good possibility that there will be leftover sell orders here. Coupled with the fact that the last daily bar was a large trend bar down it looks like the market is showing its hand.
With my buys top failing to trigger the first time I'm trying again a little lower...
MSFT poor results has dropped it straight into an objective
level of longterm demand from a weekly pivot low
in Nov 2014 where price rocketed off. it is my hope that there
are left over buy orders at this level that will trigger a rally.
I'll try again with a buy stop at...
S&P up and and has pulled back to objective demand,
Intel is also up and at an objective weekly demand level
from mid nov 2014, a pause to rapid indicating there was
actually far more demand then sell orders there.
It is my hope that there will be some left over buy orders
or/and that after this sharp move down there will be a
greater Suppy/demand imbalance....
Same reasons as AXP trade...
With the S&P trending up and at weekly demand, and HPQ basically
mirroring it, having pulled back to an objective level of weekly
demand from the pivot low in mid oct 2014 where price
rocketed off. I am hoping that there will be some unfilled
buy orders or a large enough supply/demand imbalance to push price
higher. My entry on this...
With the S&P trending up and at weekly demand and AXP basically
mirroring it, having pulled back to an objective level of weekly
demand from the pivot low in mid oct 2014 where price
rocketed off. I am hoping that there will be some unfilled
buy orders or a large enough supply/demand imbalance to push price
higher. My entry on this trade will be a tick above...
MSFT's poor results has dropped it straight into an objective
level of longterm demand from a weekly pivot low
in Nov 2014 where price rocketed off. it is my hope that there
are left over buy orders at this level that will trigger a rally
(above 43.18 and hit my buy stop).
I will implement a time based stop on this trade...
IMHO Momentum should step straight...
Planning on shorting GOOGL at the objective weekly supply
level from the pivot high.
For price to turn down so sharply there must have been a lot
of sell orders. It is my hope that there will be left over sell
orders sitting at this level.
Quite enjoying my time on Trading view. I keep a blog on my EU trades but this is a nice place to put my ideas regarding stocks ....
INTRO
I have some internal conflict regarding what to do, Monday I posted an idea to get short on the weekly SPD chart, this has not triggered yet... so do I wait for the longer term short or go for the shorter term long?. I 've...
INTRO
Here is my weekly chart of SPD (Sports Direct). With the FTSE100 entering a downtrend on it's weekly chart (a lower low followed by a lower high) I have been concentrating my stock screens to find FTSE100 stocks that are in decline. Last week I wanted to short GSK but missed it. This week the first stock to setup is SPD.
ANALYSIS
After making a lower low in...
INTRO
Unfortunately this idea is almost entirely technically/chart based as I don't believe I can make any legitimate fundamental calls on the direction of the FTSE/UK economy until at least after Tuesday and Wednesday's calendered Bank of England events. Even then I believe it is likely that I will be waiting until after 7th May 2015 (UK general election) for...
